Social Engineering Fraud Coverage for Crime Insurance

In today’s world, fraudsters can infiltrate even the best-managed companies through social engineering fraud—deceptively posing as a trusted vendor, new client or employee and inducing someone in the company to part with hundreds
of thousands of dollars or more.

Even companies that conduct vendor background screenings, employ fraud detection systems, segregate financial duties, and
educate employees on how to detect fraud may still be vulnerable.

That’s why Chubb, a leader in crime/fidelity insurance, created the Social Engineering Fraud Endorsement for our Crime Insurance policies.